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it is possible we pass the fiscal cliff with a good deal, and folks like goldman sachs and lloyd blankfein say the economy will takeoff, and if that is the case people will leave benefits because they have a job. host: if this is not addressed in the fiscal cliff debate, will it come up in the debt ceiling debate? guest: all of this depends on how the fiscal cliff sorts itself out. yesterday, you have senators say we want on income benefits extended. if the fiscal cliff debate is only limited to tax rates and deficit reduction, and not the debt ceiling, this will come up again. president obama once the debt ceiling to be part of this agreement. the reason why is simple, because that is where republicans have leverage in february. he needs republicans to extend the debt ceiling for the government to function with all going into default. republicans know this, and in theory they could separate the two to maximize their leverage. host: time for a couple more calls in this segment of the "washington journal," we will continue the unemployment insurance discussion in the following segment. laur
it is possible we pass the fiscal cliff with a good deal, and folks like goldman sachs and lloyd blankfein say the economy will takeoff, and if that is the case people will leave benefits because they have a job. host: if this is not addressed in the fiscal cliff debate, will it come up in the debt ceiling debate? guest: all of this depends on how the fiscal cliff sorts itself out. yesterday, you have senators say we want on income benefits extended. if the fiscal cliff debate is only limited...
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Dec 9, 2012
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the fiscal cliff. the house returned to business this week on tuesday at 2:00 p.m. eastern. they will be appointing members to work with the senate on defense programs. live coverage when the house returns here and c-span. the synod -- the senate returns on monday. they will also consider a nomination for assistant secretary of housing and development. live coverage when they return on c-span2. >> joining as and vermont is governor peter shumlin. thank you for being with us. >> it is great to be with you. thank you for being with us. let me begin with some news of the weekend. that is former republican gov. charlie crist is not a democrat. do you welcome him to the democratic party? is this setting the stage as a potential run as governor as a democrat nunn could 2014. >> he was hugely helpful in electing president obama. it is a great victory for us. he is an incredibly capable victor. we do not take sides before we know that we have one single candidate. everyone knows he was a great governor. he led
the fiscal cliff. the house returned to business this week on tuesday at 2:00 p.m. eastern. they will be appointing members to work with the senate on defense programs. live coverage when the house returns here and c-span. the synod -- the senate returns on monday. they will also consider a nomination for assistant secretary of housing and development. live coverage when they return on c-span2. >> joining as and vermont is governor peter shumlin. thank you for being with us. >> it...
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Dec 13, 2012
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cliff deal? >> yes, i think one of the reasons that the sequestration has gotten less attention is because the operating assumption -- more than assumption, i think the operating understanding of people involved in discussions is if you can resolve the other pieces then you can use the deficit reduction achieved from the other components, both the revenue component and the cut component to replace the sequester. whether you replace it on a 10 year basis which costs about $1 trillion or if you do it on a year basis which is about $110 billion. whatever we come up with as part of an agreement should certainly be able to offset at very least the first year of the sequester. onyou can't get an agreement all the issues, including the tax piece, could you come up with a smaller package to avoid the sequester? of course, that is possible but i don't know how likely. we could do that quickly if people were willing to put together a package of $110 billion in both revenue and cuts to replace the sequester
cliff deal? >> yes, i think one of the reasons that the sequestration has gotten less attention is because the operating assumption -- more than assumption, i think the operating understanding of people involved in discussions is if you can resolve the other pieces then you can use the deficit reduction achieved from the other components, both the revenue component and the cut component to replace the sequester. whether you replace it on a 10 year basis which costs about $1 trillion or if...
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Dec 10, 2012
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i do think getting over the fiscal cliff, the deal getting closer to balance the budget is still very important. i do hope because of the discussion that tax reform is something that is taken seriously for this year. i think that is well overdue. there is not time to do it before december 31. it will give businesses a lot of assurances that the government is paying attention to what they are saying. >> you should tell barack obama to find a jim baker. >> think about each time we have reached a crisis point in our country there's been an institutional response to it. we created a central bank. that has proved to be enormous for the past five years and important for years before that. post-world war ii, we create a system and the department of homeland security. i wonder if there's not an institutional -- >> some did not work as well as others. >> that is exactly right. it reflects our values and the focus of the government. we should have a department of homeland prosperity. we need somebody other than the president to think about american competitiveness. something we've taken for gra
i do think getting over the fiscal cliff, the deal getting closer to balance the budget is still very important. i do hope because of the discussion that tax reform is something that is taken seriously for this year. i think that is well overdue. there is not time to do it before december 31. it will give businesses a lot of assurances that the government is paying attention to what they are saying. >> you should tell barack obama to find a jim baker. >> think about each time we...
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Dec 13, 2012
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cliff deal? >> yes, i think one of the reasons that the sequestration has gotten less attention is because the operating assumption -- more than assumption, i think the operating understanding of people involved in discussions is if you can resolve the other pieces then you can use the deficit reduction achieved from the other components, both the revenue component and the cut component to replace the sequester. whether you replace it on a 10 year basis which costs about $1 trillion or if you do it on an year basis. which is about $110 billion. whatever we come up with as part of an agreement should certainly be able to offset at very least the first year of the sequester. if you can't get an agreement on all the issues, including the tax piece, could you come up with a smaller package to avoid the sequester? of course, that is possible but i don't know how likely. we could do that quickly if people were willing to put together a package of $110 billion in both revenue and cuts to replace the seq
cliff deal? >> yes, i think one of the reasons that the sequestration has gotten less attention is because the operating assumption -- more than assumption, i think the operating understanding of people involved in discussions is if you can resolve the other pieces then you can use the deficit reduction achieved from the other components, both the revenue component and the cut component to replace the sequester. whether you replace it on a 10 year basis which costs about $1 trillion or if...
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Dec 9, 2012
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republican party that would rather go over the fiscal cliff and have a deal. host: this is a very important change. a lot of people say, 1995 and 1996, the speaker and president clinton were able to cut a deal addicted to their caucuses what will happen. this is a different deal. he could say, if you do not like the steel, it is not clear to me if john boehner wanted the cops as they would take him up on the offer. guest: the parties are much more partisan and split. the ideological differences between them are much greater. the speaker is a little weaker than gingrich was before. the world has changed completely since 1995. guest: i would point out all the focus is on the house. how are you going to get it through the senate? mitch mcconnell is in a tough position. harry reid, he has some people who loves his job. he would like to be along with the progressives. i look at this and i worry because in the camp that believes going over the cliff -- the united states will enter a new recession. i do not see the basic associations on the house and senate side that
republican party that would rather go over the fiscal cliff and have a deal. host: this is a very important change. a lot of people say, 1995 and 1996, the speaker and president clinton were able to cut a deal addicted to their caucuses what will happen. this is a different deal. he could say, if you do not like the steel, it is not clear to me if john boehner wanted the cops as they would take him up on the offer. guest: the parties are much more partisan and split. the ideological differences...
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Dec 11, 2012
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cliff the deal, getting closer to balancing the budget, which i think is still very important in the mindset of businesses and this government, that we learn to do that. but i do hope because of all the discussion that tax reform is something that is taken seriously for this year. i think it's well overdue. it's been posited as something that should be done now. it's obviously doesn't have time to do it before december 31. i think that there's a real opportunity to make a lot of the changes that we have talked with through -- about through tax reform. and it will give businesses a lot of the assurances they need that the government is paying attention. >> you should tell barack obama to find a jim baker, then. >> i have an idea for you. which is, this is -- if you think about each time we reached a crisis point of enormous proportions in our country, there's been an institutional response toe it. we had a number financial crises through the late 1800's early 1900's, we create add central bank. and that has proved to be enormously valuable in this past -- for the past five years. for
cliff the deal, getting closer to balancing the budget, which i think is still very important in the mindset of businesses and this government, that we learn to do that. but i do hope because of all the discussion that tax reform is something that is taken seriously for this year. i think it's well overdue. it's been posited as something that should be done now. it's obviously doesn't have time to do it before december 31. i think that there's a real opportunity to make a lot of the changes...
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Dec 12, 2012
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the president is address the fiscal cliff, we're dealing with the debt and deficit. this is not about getting through this next month, this is about trying to solve the issues that we face as a nation today and that is the debt and deficit that we face. the president is very fond of talk about the math. let me give you a few things dealing with the math. 2012 will be the third highest revenue receipt into the united states government ever in the history of our nation. the third highest revenue ever received in the hithsroif the united states is coming in in 2012. in this down economy, as paychecks are smaller, federal revenue continues to increase. the president is very focused on trying to get the clinton tax rates but he ignores the clinton level of spending. what we've got to address is a trillion dollar deficit here. if wrp back at the clinton level of spending this would solve the issue that we're dealing with today. so we've got to find a way to address the real driver and real issue that we're facing, that is the spending. until we address that, it's not going
the president is address the fiscal cliff, we're dealing with the debt and deficit. this is not about getting through this next month, this is about trying to solve the issues that we face as a nation today and that is the debt and deficit that we face. the president is very fond of talk about the math. let me give you a few things dealing with the math. 2012 will be the third highest revenue receipt into the united states government ever in the history of our nation. the third highest revenue...
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Dec 12, 2012
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negotiations continue over the so-called looming fiscal cliff. yesterday president obama and john boehner spoke by phone. washington post reported however that they are still working on a deal and nothing is locked down yet. we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. find a son facebook and weigh in there. at journal@c- span.org. "the christian science monitor," asked what we would be willing to give up. "americans would be willing to give up the tax deduction for charitable giving over other popular tax breaks." host: let's take a look at the results of this poll. 25% said that they would be willing to give up the charitable giving tax deduction. almost the same amount said it would be willing to give up their deduction for state taxes
negotiations continue over the so-called looming fiscal cliff. yesterday president obama and john boehner spoke by phone. washington post reported however that they are still working on a deal and nothing is locked down yet. we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for...
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Dec 11, 2012
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so, that is one of the many things in the fiscal cliff discussions that we also have to deal with. the social security payroll tax holiday that we have had for two years -- they have to decide whether to extend that by december 31, and there is also the issue of the alternative minimum tax, which is designed to make sure that everybody pays something in income tax, especially among the wealthy who might use deductions to bring their tax payments down to zero. the problem is the alternative minimum tax has been affecting more and more middle-class people, and the irs in particular is eager for congress to take a stand on patching up the minimum tax by december 31 because mostly they have to program their computers. host: the amt was part of our series on the different aspects of the fiscal cliff talks. you can go to our web site to find more details. today, the discussion is about domestic spending. if sequestration happens at the end of the month, and we are talking about $500 billion in domestic spending across the board, right, charles clark? guest: $500 billion over 10 years. $3
so, that is one of the many things in the fiscal cliff discussions that we also have to deal with. the social security payroll tax holiday that we have had for two years -- they have to decide whether to extend that by december 31, and there is also the issue of the alternative minimum tax, which is designed to make sure that everybody pays something in income tax, especially among the wealthy who might use deductions to bring their tax payments down to zero. the problem is the alternative...
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Dec 11, 2012
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on the fiscal cliff before christmas would be difficult. this is 10 minutes. >> speaker boehner said he'd waiting on president obecause mo -- obama to outline the spending cuts. that's a strange thing for the speaker to say. president obama outlined specific cuts in his proposal to the republicans. while republicans have not offered anything specific in cuts whatsoever, and of course nothing specific in revenue whatsoever. all generalizations. the republicans want more spending cuts, tell us what you want. that's what i say to them. we can't read their minds. we're not going to make the proposal for them. republicans know perfectly well that democrats are willing to make tough choices on these issues, if in fact they understand, which i hope they do by now, that we're going to look out for the middle class first. the only thing standing in the way of an agreement is republicans. their insistence on holding tax cuts for middle class families hostage to the fiscal cliff. there's a lot of bluster coming from republicans but that facade is crum
on the fiscal cliff before christmas would be difficult. this is 10 minutes. >> speaker boehner said he'd waiting on president obecause mo -- obama to outline the spending cuts. that's a strange thing for the speaker to say. president obama outlined specific cuts in his proposal to the republicans. while republicans have not offered anything specific in cuts whatsoever, and of course nothing specific in revenue whatsoever. all generalizations. the republicans want more spending cuts, tell...
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Dec 11, 2012
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i do think getting over the fiscal cliff, the deal getting closer to balance the budget is still very important. i do hope because of the discussion that tax reform is something that is taken seriously for this year. i think that is well overdue. there is not time to do it before december 31. it will give businesses a lot of assurances that the government is paying attention to what they are saying. >> you should tell barack obama to find a jim baker. >> think about each time we have reached a crisis point in our country there's been an institutional response to it. we created a central bank. that has proved to be enormous for the past five years and important for years before that. post-world war ii, we create a system and the department of homeland security. i wonder if there's not an institutional -- >> some did not work as well as others. >> that is exactly right. it reflects our values and the focus of the government. we should have a department of homeland prosperity. we need somebody other than the president to think about american competitiveness. something we've taken for gra
i do think getting over the fiscal cliff, the deal getting closer to balance the budget is still very important. i do hope because of the discussion that tax reform is something that is taken seriously for this year. i think that is well overdue. there is not time to do it before december 31. it will give businesses a lot of assurances that the government is paying attention to what they are saying. >> you should tell barack obama to find a jim baker. >> think about each time we...
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Dec 11, 2012
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so, that is one of the many things in the fiscal cliff discussions that we also have to deal with. the social security payroll tax holiday that we have had for two years -- they have to decide whether to extend that by december 31, and there is also the issue of the alternative minimum tax, which is designed to make sure that everybody pays something in income tax, especially among the wealthy who might use deductions to bring their tax payments down to zero. the problem is the alternative minimum tax has been affecting more and more middle-class people, and the irs in particular is eager for congress to take a stand on patching up the minimum tax by december 31 because mostly they have to program their computers. host: the amt was part of our series on the different aspects of the fiscal cliff talks. you can go to our web site to find more details. today, the discussion is about domestic spending. if sequestration happens at the end of the month, and we are talking about $500 billion in domestic spending across the board, right, charles clark? guest: $500 billion over 10 years. $3
so, that is one of the many things in the fiscal cliff discussions that we also have to deal with. the social security payroll tax holiday that we have had for two years -- they have to decide whether to extend that by december 31, and there is also the issue of the alternative minimum tax, which is designed to make sure that everybody pays something in income tax, especially among the wealthy who might use deductions to bring their tax payments down to zero. the problem is the alternative...
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Dec 10, 2012
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cliff. their first meeting in 23 days. both sides are not saying what if any progress were made. washington has 22 days left to me -- make a deal. "the post" had lined, "a deal is a vital." what are you willing to sacrifice to avert the so-called this clip? for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. remember, also, send us it twitter message, the analysis is that americans need to embrace sacrifice again. he says that any outcome of this is going to require sacrifice and pain from the american public. in the peace he writes that the problem is not washington, that it is us. no longer are we willing to pay for the things that we know that we need. boaters that demand something for nothing will demand otherwise. politicians who fear for their jobs will comply. we want to turn to all of you and ask you, what are you willing to sacrifice? are you willing to change medicare and social security as republicans say is needed? are you willing to increa
cliff. their first meeting in 23 days. both sides are not saying what if any progress were made. washington has 22 days left to me -- make a deal. "the post" had lined, "a deal is a vital." what are you willing to sacrifice to avert the so-called this clip? for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. remember, also, send us it twitter message, the analysis is that americans need to embrace sacrifice again. he says that any...
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Dec 7, 2012
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with the so called fiscal cliff. the house will not asuren until an agreement is reached. when the house is back in session live coverage as always on c-span. a report out of the labor department show that is 146,000 jobs were added in november and the unemployment rate falling to 7.7%, the lowest since december 2008. there had been concern that is hurricane sandy could afblingt the numbers bit only had a minimal effect. employers added fewers jobs in october and september than initially estimate pped and the unemployment rate fell mostly because more people stopped looking for work. earlier today on capitol hill john boehner commented on the fiscal cliff negotiations with reporters. >> this isn't a progress report because there is no progress to report. when it comes to the fiscal cliff that is threatening our economy and jobs the white house has wastde another week. secretary gitener came here to offer a plan that had twice the tax hikes that the president campaigned on and had more stimulus spending thanned the in
with the so called fiscal cliff. the house will not asuren until an agreement is reached. when the house is back in session live coverage as always on c-span. a report out of the labor department show that is 146,000 jobs were added in november and the unemployment rate falling to 7.7%, the lowest since december 2008. there had been concern that is hurricane sandy could afblingt the numbers bit only had a minimal effect. employers added fewers jobs in october and september than initially...
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Dec 8, 2012
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what happens on january 1, everybody is saying it is a fiscal clove -- a fiscal slope, not a fiscal cliff. it is not like a zombie accomplice happens. if market confidence was up the window, that could be damaging. >> i think is likely there is going to be a deal, some other deadline for another deal next year. it is really important and they not said a whole series of opportunities to have that kind of collapse again. they have a couple months, but they have to make sure whenever they come up with for the last significant period of time. i think that will build confidence. i want to come back to the question of housing. i think is so important to overstate the importance of housing to the economy. especially from the starter business and start up perspective. those are the companies with a lot of job creation. they all grow very rapidly, sometimes growing into large companies. they are not starting up that high written all right now. a big chunk of that is confidence. folks often do not have financial resources. if there are looking at the value of their home and 401k, they are taking a
what happens on january 1, everybody is saying it is a fiscal clove -- a fiscal slope, not a fiscal cliff. it is not like a zombie accomplice happens. if market confidence was up the window, that could be damaging. >> i think is likely there is going to be a deal, some other deadline for another deal next year. it is really important and they not said a whole series of opportunities to have that kind of collapse again. they have a couple months, but they have to make sure whenever they...